Check out the companies that are making headlines after the bell:
Peloton Interactive – Peloton shares fell roughly 10% in expanded trading after the sports equipment maker reported an unexpectedly high quarterly loss. The company posted a loss of $ 1.05 per share for the fourth quarter of fiscal year, compared to a loss of 45 cents per share that analysts expected, Refinitiv said. The company also cut the price of its bike product by hundreds of dollars.
Gap – Gap stocks rose about 8% after hitting profits after hours. The clothing retailer reported quarterly adjusted earnings of 70 cents per share on sales of $ 4.21 billion. According to Refinitiv, analysts expected earnings of 46 cents per share on sales of 4.13 billion US dollars.
HP – HP shares fell more than 3% in expanded trading after the tech company’s quarterly revenue fell short of expectations. The company reported third-quarter revenue of $ 15.29 billion and fell short of Wall Street’s estimate of $ 15.92 billion, according to Refinitiv.
Workday – Workday stock rose more than 3% after close of business after a better-than-expected quarterly earnings report. The financial management and human resources software company had adjusted earnings of $ 1.23 per share on sales of $ 1.26 billion. Wall Street expected earnings of 78 cents per share on sales of $ 1.24 billion, according to Refinitiv.
Marvell Technology – Marvell Technology’s shares fell approximately 5% in expanded trading despite a profit hit. The company reported adjusted earnings of 34 cents per share, while analysts forecast earnings of 31 cents per share, according to Refinitiv. Marvell Technology’s revenue for the second quarter was in line with Wall Street estimates.
Ollie’s Bargain Outlet – Ellie’s stocks are down more than 12% after an unexpectedly high quarterly loss after hours. Ollies reported a loss of 52 cents per share on sales of $ 416 million. According to Refinitiv, analysts expected a loss of 55 cents per share at 436 million US dollars.